Latest food tech and innovation news, jobs and events.
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FEATURED
Blue Apron Stock Falls Below $1, Legalizing Marijuana a NY Priority + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fa509fadab&e=2715c96b29)
Our round-up of this week's top news.
2019 Food+Tech Meetup Survey (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8c0ff824f1&e=2715c96b29)
Let us know what topics you find compelling and sign up to present or sample.
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CPG
After Pilotworks' Reopening Fails, Brooklyn's Small Food Businesses Won't Be Home for the Holidays (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=df7cbf2ab4&e=2715c96b29) - Edible Brooklyn
A new food incubator called Nursery announced it would open quickly and invite members back, but the plan fell through.
2019 Could Be a Turning Point for Plant-Based and Cultured Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f722ea1b4a&e=2715c96b29) - Forbes
Sales grew over 23% in the last year, exceeding $760m. In 2019, look for plant-based and cultured meat companies to navigate new partnerships, new markets and an evolving regulatory landscape.
Global Supplement Industry Reaches $128B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=14f41bb4ce&e=2715c96b29) - New Hope Network
The US supplement market represents the largest country, but it has slowly been losing market share to China.
The Hatchery, a $34M Food & Beverage Incubator, Opens in East Garfield Park (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b1520a738e&e=2715c96b29) - Chicago Sun Times
The 67k sf facility is a partnership between Accion and the Industrial Council of Nearwest Chicago. Celebrity chef Rick Bayless will offer a training program for aspiring chefs.
UK: Unilever Buys Meat-Free Food Company the Vegetarian Butcher (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=512dd56297&e=2715c96b29) - The Guardian
Acquisition of Dutch brand highlights Unilever's scramble to tap into meat substitutes market. Financial terms were undisclosed.
Novamex Acquires Tio Gazpacho, Accelerating Distribution and Availability (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2015a13ea5&e=2715c96b29) - Food Navigator
Financial terms were undisclosed. The beverage importer and marketer has a focus on tapping into the Mexican-American consumer audience.
Canada: AB InBev and Tilray Invest $100M to Study Cannabis-Based Drinks (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9d476e91d0&e=2715c96b29) - Food Dive
The partnership, which combines AB InBev's beverage insight with Tilray's expertise in cannabis, will be limited to Canada. Each company will invest $50m in the venture.
Impossible Burger Needs FDA Nod to Sell Uncooked in Stores (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c6170c5276&e=2715c96b29) - Bloomberg
The company needs pre-market approval to use its key ingredient, soy leghemoglobin, as a color additive.
Why Cannabis Is More Than Just a Buzzy Investment for Food and Beverage Companies (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=33794f8edc&e=2715c96b29) - Grocery Dive
Changing attitudes, consumer acceptance and legalization have shifted the substance from lazy stoners to big businesses.
With a Pinch of Innovation, Food Makers Raise Prices (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c5d86fb991&e=2715c96b29) - Wall Street Journal
Food makers are devising more expensive sizes and flavors of their treats and breakfast foods, a subtle strategy to cover rising costs.
Fitter, Healthier, Happier? How Wellness Drinks Took over Instagram (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=da9c18459b&e=2715c96b29) - Fast Company
Companies like LaCroix, Dirty Lemon and Recess have boomed on the platform. Their sales pitch is less about a flavor and more about something stronger: a feeling.
How Goldfish Crackers Took Over the World (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1e134f8df2&e=2715c96b29) - Fast Company
The snacks have become a worldwide phenomenon, with huge sales growth and a ridiculous variety of flavors. And they might just salvage the fortunes of their flailing parent company.
blue apron
RETAIL
Blue Apron Stock Drops Below $1. Could an Acquisition Be Next? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=daef812557&e=2715c96b29) - Food Dive
The stock has dropped more than 74% since July and has lost 90% of its original value since the company went public last year.
Kroger's Driverless Delivery Pilot Enters Next Phase (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0700348a18&e=2715c96b29) - Grocery Dive
The retailer and its technology partner, Nuro, have made more than a thousand grocery deliveries since June. The vehicle will now handle deliveries autonomously going forward.
Coffee Brands Lead E-Commerce Grocery Sales (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=794cf5254a&e=2715c96b29) - Food Navigator
Amazon food and beverage sales topped $4.75b in 2018 making it the fastest growing segment for the online retailer. Coffee represented the most popular subcategory with year-to-date sales totaling more than $140m.
Japan: Seven-Eleven Tries Out a Store in Tokyo with Unmanned Payment System (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9192b38e20&e=2715c96b29) - Japan Times
The convenience store uses facial recognition technology developed by NEC Corp. The trial shop can be used only by the company's employees.
Food Delivered 'Right into Your Fridge' Is the Future (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9fb39f021c&e=2715c96b29) - CNBC
Walmart E-Commerce USA President and Jet.com CEO Marc Lore believes that same day delivery will be available to 60% of the US by the end of 2019.
The New York State Attorney General Is Investigating These Five Chains for Seafood Fraud (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a0ec55287e&e=2715c96b29) - New Food Economy
The serial offenders include Food Bazaar, Foodtown, Stew Leonard's, Uncle Giuseppe's and Western Beef.
swiggy
RESTAURANTS
India: Food Delivery Startup Swiggy Raises $1B More from Naspers, Tencent and Others (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a85defe0fe&e=2715c96b29) - TechCrunch
The company plans to use the capital for hiring machine learning and engineering talent, and further its AI technology to improve matching and discovery inside its service.
Omnivore Technologies Raises $10M in Series A Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=89d7fd1ed3&e=2715c96b29) - Finsmes
The round was led by Coca-Cola and Performance Food Group. Funds will be used to accelerate development and growth of products that minimize friction for restaurant brands, third-party technologies and POS companies.
Middle East: Careem Launches Delivery Service, Expects to Close Funding Round Soon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=687ff7636c&e=2715c96b29) - Reuters
The company is planning to raise a total of $500m. It launched a delivery service covering everything from takeaway food to pharmaceuticals. Careem plans to spend $150m developing the delivery business, starting with services in Dubai and Jeddah.
Crew, a Workplace and Slack Messaging Rival for Shift Workers, Raises $35M, Adds Enterprise Vision (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6a41ff6998&e=2715c96b29) - TechCrunch
Funding came from DAG Ventures, Tenaya Capital and previous backers. The company just launched Crew Enterprise, which helps businesses better manage messaging across large groups of these workers.
These Will Be the 11 Biggest Restaurant Trends of 2019, According to Chefs (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6c94ddf718&e=2715c96b29) - Food & Wine
Kelp, French classics and phone-free dining are on the menu for 2019.
weather
AGRICULTURE
To Save Agriculture from Climate Change, We Need Better Weather Forecasting (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5a82de8370&e=2715c96b29) - Fast Company
Minnesota-based agricultural analytics company DTN will deploy over 3k hyperlocal weather monitoring stations across the rural parts of Kazakhstan.
Trump Offering Farmers Extra $4.9B in Trade Relief (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2ad296c758&e=2715c96b29) - Politico
The second batch of payments is Trump's latest effort to stem the pain inflicted on US agricultural producers by his trade feuds. Commodity groups are still concerned it is not nearly enough to offset the damage from retaliatory duties.
Rural Broadband Is About to Get $600M in Funding—but There's a Catch (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d741d289d6&e=2715c96b29) - New Food Economy
The companies responsible for delivering access to information in rural America are blocking access to information.
Maersk Invests in ImpactVision's "Game-Changing" Hyperspectral Imaging Tech for Food System (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3c498c5533&e=2715c96b29) - AgFunder
Agrifood tech accelerator group The Yield Lab also joined as a new investor. The $1.3m investment will be used to accelerate product development and grow ImpactVision's engineering and sales teams.
Big Beef Prepares for Battle, As Interest Grows in Plant-Based and Lab-Grown Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=618c986316&e=2715c96b29) - NPR
As sales of plant-based substitutes like almond milk rise and cow milk sales decline, the meat industry sees a cautionary tale. With meat alternatives growing, Big Beef takes the fight to regulators.
Square Roots Is Bringing More Transparency to Its Produce (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c6d78fa432&e=2715c96b29) - TechCrunch
Customers can now scan a QR code to see where and when the produce was planted, grown and harvested, and whe it was delivered to the store.
One Man's Mission to Save Colombia's Farmers Through Chocolate (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3bdd45632d&e=2715c96b29) - NPR
As efforts to get farmers to stop growing coca in favor of legal crops falter, some farmers feel abandoned. But one man says he'll stand by them, helping farmers shift to cacao for high-end chocolate.
Farmers Know Climate Change Is Real. Will the Feds Help Them Adapt? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bdf362e15c&e=2715c96b29) - Civil Eats
While dismal farm economics—and shrinking conservation funds—make it hard to find the funds, a growing number of farmers are ready to make critical changes.
Gulf Oyster Reefs Are Hurting. Now There's Help from Oil Spill Aid Money (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3dbfd287ff&e=2715c96b29) - NPR
Oyster harvests in the Gulf of Mexico have declined dramatically. Now scientists are working to rebuild oyster reefs, helped by settlement money from the Deepwater Horizon oil spill.
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EATERS
Alpha Dominche Shuts Down: Is Commercial Coffee Tech Dead? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f9d314952&e=2715c96b29) - The Spoon
The company recently crowdfunded $230k to manufacture the Flask Coffee Brewer. It recently notified its customers that it was halting operations and not shipping a single product, no refunds or late arrivals.
USDA Moves To Tighten Restrictions on Food Stamps (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e61674c3fa&e=2715c96b29) - USA Today
The newly proposed rule would restrict the ability of states to exempt work-eligible adults from having to obtain steady employment to receive food stamps.
Is the Air Fryer the New Instant Pot? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=07f8b93660&e=2715c96b29) - The New Yorker
Air fryers are a hot Christmas present of 2018, according to those in the business of declaring gift trends and thus creating gift trends.
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LATEST JOB LISTINGS
Shift Leader / Supervisor at Ox Verte (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f69a129945&e=2715c96b29) - New York, NY
Operations Manager - Manufacturing at Banza (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1f2261831e&e=2715c96b29) - Riverside, CA
Incubator Kitchen and Program Manager at Grand Rapids Downtown Market (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5b570fd565&e=2715c96b29) - Grand Rapids, MI
Innovation Project Manager at Mattson: Innovation for the F&B Industry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e9dc8be6c9&e=2715c96b29) - San Francisco, CA
Special Assistant to the CEO at Gro Intelligence (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1cd1a26c0f&e=2715c96b29) - New York, NY
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Sustainable Seafood Initiative Manager at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0a6caf4a8f&e=2715c96b29) - Remote
Senior Associate (Market Director) at Essex Market (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6999c90050&e=2715c96b29) - New York, NY
Sales & Operations Manager at Broth Baby (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=731e698e74&e=2715c96b29) - Oakland, CA
Business Development Specialist - Consumer Packaged Goods at Fair Trade USA (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=682daa7ead&e=2715c96b29) - Oakland, CA
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